{"id":70442,"date":"2021-01-08T03:12:13","date_gmt":"2021-01-08T03:12:13","guid":{"rendered":"https:\/\/www.thefastfashion.com\/?p=70442"},"modified":"2021-01-08T03:12:13","modified_gmt":"2021-01-08T03:12:13","slug":"elon-musk-jets-past-jeff-bezos-become-worlds-richest-person","status":"publish","type":"post","link":"https:\/\/www.thefastfashion.com\/?p=70442","title":{"rendered":"Elon Musk jets past Jeff Bezos to become world\u2019s richest person"},"content":{"rendered":"

Elon Musk just stole Jeff Bezos\u2019 richest-man crown.<\/p>\n

The Tesla CEO saw his net worth jet past the Amazon founder on Thursday as his electric automaker, which has only recently turned a profit, continued its staggering stock rally.<\/p>\n

Musk\u2019s fortune grew to $188.7 billion with Tesla\u2019s shares climbing as much as 5.5 percent to a peak of $801 in morning trading, according to The Post\u2019s calculations. Musk owns 170.5 million shares of Tesla, or 18 percent of the company.<\/p>\n

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That put him slightly ahead of Bezos, whose net worth sits just shy of $187 billion with Amazon shares jumping as much as 1.6 percent to $3,189.58 apiece.<\/p>\n

\u201cHow strange,\u201d\u00a0Musk tweeted\u00a0in response to someone telling him that he was the new No. 1, adding: \u201cWell, back to work\u2026\u201d<\/p>\n

Strange indeed. Tesla only recently went from losing money to reporting its first full year of profit and last quarter reported net\u00a0income\u00a0of $331 million on\u00a0sales of $8.77 billion.\u00a0Amazon, by contrast, reported a profit in its latest quarter of $6.3 billion on revenue of $96.1 billion.<\/p>\n

While the duo\u2019s rivalry on the rich list is new, the men have been competing for years in space with Bezos at the head of space-exploration startup Blue Origin and Musk at the head of\u00a0rocket-maker Space X.<\/p>\n

Musk, known for his Twitter rants, has\u00a0trolled Bezos\u2019 space efforts\u00a0in the past, including in 2018 when he blasted Blue Origin a \u201ccopycat.\u201d<\/p>\n\n

Musk\u2019s wealth has been on a meteoric rise of late, even though Tesla only recently went from losing money to reporting its first full year of profit.<\/p>\n

The South African-born entrepreneur started 2020 with a less than $30 billion fortune that\u00a0grew more than fivefold\u00a0as Tesla\u2019s stock price exploded by more than 700 percent.<\/p>\n

SpaceX reportedly makes up nearly $19 billion of his fortune.<\/p>\n

Musk, 49, could get even richer after unlocking multiple stock awards from his eye-popping $50 billion pay package which was approved in early 2018.<\/p>\n

Bezos, 56, had been the world\u2019s richest man since he claimed the title from Microsoft tycoon Bill Gates in October 2017,\u00a0according to Bloomberg. Musk\u00a0took the No. 2 spot from Gates\u00a0in November.<\/p>\n

Last year was also good for Bezos, who added $75 billion to his fortune as the coronavirus pandemic drove up demand for online shopping and led Amazon to record profits.<\/p>\n

But Bezos has sold chunks of his Amazon stake in recent years, in part to fund Blue Origin, which accounts for about $7.2 billion of his net worth, according to Bloomberg\u2019s Billionaires Index.<\/p>\n

Adv<\/em>.<\/strong><\/p>\r\n\r\n